Certified checks are instruments that have been accepted for payment by the institutions on which they are drawn.

Name: Certified checks are instruments that have been accepted for payment by the institutions on which they are drawn.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Certified checks are guaranteed by the bank and have funds set aside for their payment. The bank has already verified that the funds are available and has set them aside, making them accepted for payment by the institution on which they are drawn.

Certified Checks Are Instruments That Have Been Accepted for Payment